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Opportunity Cost
Opportunity cost represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.
Machinery
Refers to machines or automated systems that contribute to the manufacturing or production process.
United States
A country located in North America consisting of 50 states and is known for its large size and diverse population.
Petroleum
A naturally occurring, yellowish-black liquid found in geological formations beneath the Earth's surface, commonly refined into various types of fuels.
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